Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 38,400 shares, a decrease of 60.3% from the May 15th total of 96,700 shares. Based on an average trading volume of 571,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Industria de Diseño Textil Stock Down 1.6%

Shares of IDEXY opened at $26.31 on Monday. The business has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $26.50. The stock has a market cap of $164.00 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.38 and a beta of 1.14. Industria de Diseño Textil has a 52 week low of $23.12 and a 52 week high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Industria de Diseño Textil had a return on equity of 32.33% and a net margin of 15.19%. The company had revenue of $9.45 billion during the quarter, compared to analysts’ expectations of $8.53 billion. On average, equities analysts anticipate that Industria de Diseño Textil will post 0.99 earnings per share for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 1st were given a dividend of $0.3187 per share. The ex-dividend date was Wednesday, April 30th. This represents a dividend yield of 2.21%. This is a boost from Industria de Diseño Textil’s previous dividend of $0.29. Industria de Diseño Textil’s dividend payout ratio (DPR) is currently 60.19%.

Analysts Set New Price Targets

A number of research firms have weighed in on IDEXY. Citigroup raised Industria de Diseño Textil to a “strong-buy” rating in a report on Thursday, March 13th. BNP Paribas raised Industria de Diseño Textil to a “strong-buy” rating in a report on Tuesday, April 22nd.

About Industria de Diseño Textil

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.